Work is officially underway on phase two of Mack Urban’s massive mixed-use project in South Park. As Urbanize LA reports, crews Tuesday morning began stripping away the parking lot from which a 37-story residential tower will rise.
At the northeast corner of 12th Street and Grand Avenue, the building is part of a $750 million project by Mack Urban in conjunction with AECOM Capital. Together, they own six acres in South Park, the Downtown neighborhood that includes the Staples Center and L.A. Live.
The first phase of the project will add two seven-story low rise towers to a nearby site on Pico Boulevard. In addition to the 37-story residential tower, the second phase, revealed in late 2014, includes plans for a smaller 12-story tower and a half-acre of public park space.
When completed, the taller tower will include 512 residential units along with ground floor retail space and parking for 752 vehicles. The 400-foot structure will be topped off with an eye-catching architectural spire that’s set to rise 100 feet from the top of the building.
A third phase of the project includes a mid-rise tower at 12th and Olive streets. Two sites on 11th Street will likely be developed at a later date.
With these projects, the developer wants to create a cohesive urban village that appeals to millennials and younger professionals craving walkability. Each component of the project announced thus far includes public spaces and plenty of street-level retail and dining opportunities.
- Work Underway for 37-Story DTLA Tower [Urbanize LA]
- Revealed: Phase Two of South Park’s Mixed-Use Megaproject [Curbed LA]
- First Look at First Piece of South Park’s Multi-Use Megaproject [Curbed LA]
- Ready-Made, Millennial-Friendly Village Slated For South Park [Curbed LA]
- Mapping 28 Projects on the Way in DTLA’s Booming South Park [Curbed LA]